Pay Yourself Each Week When Trading

Is it your goal to see your account increase in size? Of course, all traders would rather have their account size increase instead of decrease. But is that your ultimate goal? No. You do not want your money just sitting in your account. As your account grows each week, it is important to remember to pay yourself.

A good idea is to pay yourself half of the profits that you make each week. Another idea is to pay yourself all of the profits, if you have an extraordinary trade that you want to brag about! Since you are participating in an online trade room, it is a good idea to share your success with others by letting the other traders see what you have accomplished. Is it okay to brag from time to time? Yes, of course. In fact, it helps other traders know they can trade profitably, too.

As you are trading Binary Options and Spreads on Nadex, you have set goals for yourself. One of those goals is probably the fact that you want to be paid for trading, so why not pay yourself each week. It may start out as a small withdrawal, but as time goes on and you gain more experience, you will reap the rewards of being a better trader.